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      09-07-2012, 01:59 PM   #1
rgrovr
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August Jobs Report

At today's announced new jobs rate (96,000), it will take until 2025 for us to get back all the jobs we lost and cover all the new people joining the workforce:


(http://www.hamiltonproject.org/jobs_gap/)

- For every 1 job created last month, 4 people stopped looking for work.

- If the same number of people who were working or looking for work in 2009 are counted today, the unemployment rate would be 11.2% today.

- If we used last months participation number, it would be 8.4% today.

- We're on track to have less jobs created this year than last year (139,000 per month vs. an average monthly gain of 153,000 in 2011). *hint* George Bush wasn't President in 2011.

This is an atrocious jobs record. No two ways about it. If his plan for the last four years hasn't worked - how in the hell do we honestly take him at his word his plan for the next four years will?
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